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The U.S. Is Broke!

July 2nd, 2018 · No Comments

  • Debt scares once again resurface with US public debt at historically high levels and entitlement spending set to increase further.
  • Some argue the US is basically broke. We will try to show that many of the arguments used are exaggerated and show you a country that should be much more broke, yet is thriving nevertheless.
  • While not waving concerns about US public debt entirely, we think private sector debt is actually a much bigger risk, given the fact that it has caused most financial crisis.

Source: The U.S. Is Broke! | Seeking Alpha

Tags: Public sector deficits and debts